HomeMy WebLinkAboutCity Council Resolution 18-007 Increase the Capital Budget for the Guava Ct Ped Railroad CrossingRESOLUTION NO. 18-007
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
TO ADJUST THE FY 2017/18 OPERATING AND CAPITAL IMPROVEMENT PLAN BUDGET
IN ORDER TO APPROPRIATE ADDITIONAL FUNDS FOR THE GUAVA COURT -
FREDERICKSBURG RAILROAD CROSSING IMPROVEMENTS DESIGN PROJECT
WHEREAS, the City Council desires completion of the design project;
WHEREAS, the City is contracted with BKF engineers for the final design of the project;
WHEREAS, funding from the CIP reserve is needed to fund the design project;
WHEREAS, it is necessary to appropriate this funding from the CIP reserve by transferring the funds and
adjusting the Fiscal Year 2017/18 CEP Budget as follows:
Account Description
To appropriate Transfer from the General Fund (111.8101):
Account Amount
Increase Transfers Out from the General Fund 111.8101.99999 $125,000
To appropriate Transfer in Funding and Expenditures in Project (9274-002):
Increase Transfer in to CIP Project 412.9274-002.49999 $125,000
Increase expense appropriation in CIP Project 411.9274-002.81143 $125,000
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Saratoga hereby
approves the above adjustments to the Fiscal Year 2017/18 Operating and CEP Budgets.
BE IT FURTHER RESOLVED, the above and foregoing resolution was passed and adopted at a regular
meeting of the Saratoga City Council held on 21St day of March, 2018 by the following vote:
AYES: Mayor Mary -Lynne Bernald, Vice Mayor E. Manny Cappello, Council Members Howard A.
Miller, Emily Lo, Rishi Kumar
NOES:
ABSENT:
ABSTAIN:
Att t:
V Ljj2
Nora Pimentel, MMC
City Clerk
y-nne Bemal�d��
Mayor